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20121201
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"events that occurred in connecticut are a wakeup call to re-examine our investments." the california teacher's pension fund has a lot of money for those investments. $155 billion overall to be exact. remember $751 million of that is with cerberus. so facing that kind of clout cerberus announced at 1:00 a.m. this morning that it would sell freedom group and it would return the proceeds to investors. the company said -- cerberus said "it is apparent that the sandy hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. as a firm, we are investors not statesmen or policymakers. our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen teachers, policemen and other municipal workers and unions and endowments and other institutions and individuals." it seems like money talks afterall. at least in the world of private equity. now california state treasurer bill lockyer has asked the states' two largest pension funds,
confirmed but it would have been too long and too ugly a battle. derrick from ellington, connecticut, what do you think? >> listen. i am so disappointed in president obama. you know what is so disheart disheartening? she was one of the biggest supporters and barack obama has no fight in him. he has you don'tno spine. he should have fought the good fight. >> i agree with that. maybe he figures it's better to fight for some resolution and the tact cuts than for susan rice. >> i think it will gol in a cliff, for half a million dollars. i have no confidence in this guy. leon panet at that. >> yeah. listen, i would love to see her as secretary of defense, and i doubt we are going to see that. i think what's more likely is first of all, i think we will see john kerry as secretary of state. he would be great. he would be great. and i think what susan rice may become the national security advisor once tom donalin steps down. i certainly hope president obama has another great big plum great big fat job in mind for susan rice. did he do the right thing? our conver
connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part somewhere else. so they are one of the worst, even worse than wal-mart in terms of what they might have contributed to to. i take it that $24,000,000,000. >> they are avoiding in taxes . >> one little tiny thing, they have had the opportunity over the courses of the years to do things in a much safer way when they manufacture in china and all over the place. >> no. there have been stories about the working conditions in china which is another reason i am glad these jobs are coming here. ruth ruth, you make a good point. i feel good about apple but we also have to change the tax laws so that to reward companies like apple that d
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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